Market is still in correction mode ! On Sept 24 , DOW was 26,705.25......Dec 24, DOW is 21,792.20.....lost 4913 points (18% +)
On Sept 24 , TSE was 16,244.50......Dec 24, TSE is 13,780.19......lost 2464 points (16%)
As I mentioned earlier, Stock market was so fragile because of Trump Trade war between US and China and slow growth of global economy.
All stocks were down, KWH is absolutely not an exception but at slow speed compare to others.
The last quarter result wasn't impressed to everyone in some areas although its number were all positive, even the solar business is almost done ( except the Vehengo in Cali), and all analysts still kept a "Buy" sign at last, but Fear and Volatility created a good playground for Day Traders, short sellers and panic selling to make money by flipping pennies..
Yield reached 20%, Divi will be cut is a common sense? cut by how much?....Tough question? Tough answer!
In my opinion, Just let the dust setting down first, i.e Market will come back in neutral mode, Q4 of KWH will tell all stories.....In history, Utility and Consumer staple stocks are the last standings to weather the perfect storm....
Whatever happended, I still believe KWH dividend is still safe....
I always step a side when volatily existe no matter what....
Happy holidays to all!